Sacremento

About Sacremento

Attendees came from throughout N. California to learn about the importance of basic communications skills that are often neglected. Listen, Speak Clearly, Build Rapport On July 16, 2015 , Northern California's C&W Future Leaders (CWFL) teamed up with the LAUNCH program (LAUNCH stands for Learn, Assimilate, Understand, Nurture, Collaborate and Help others) to host a half day learning program which focused specifically on critical, often neglected Communication Skills. The program took place in Cushman & Wakefield's Northern California HQ, located at 425 Market Street, in the heart of San Francisco's perpetually buzzing Central Business District. The class was facilitated by Maria Lawlor, Managing Director of Learning at Cushman & Wakefield, and Molly Gabor from Opticom Associates. Attendees came from Sacramento, San Francisco, The East Bay and Silicon Valley to learn about the importance of active listening, clear speaking and building rapport amongst one's peers. Amanda Murray and Dan [...]

By Richard Lin Research Analyst Economic Overview Total non-farm jobs in metropolitan Sacramento climbed 2.6% from May 2014 to May 2015 to 916,300 positions, according to the California Employment Development Department. This is the highest figure since the 920,100 recorded in December 2007. Meanwhile, the unemployment rate tumbled to 5.7% from 6.8% over the same time period. Total private sector office positions increased by 1.4% to 184,900 while the all-important government sector (this is the state capital, after all) recorded a 1.3% increase to 234,300. Healthier Fundamentals The overall vacancy rate for all of Sacramento eased 30 basis points (bps) in the second quarter to 13.5%. Net absorption rang in at a healthy 334,811 square feet (sf), up from 219,278 sf in the first quarter. Meanwhile, leasing activity managed to best the previous quarter’s tally – 777,870 sf vs 669,177 sf – to close mid-year at 1,447,047 sf. The average [...]

Contained herein is a collection of recent news media mentions for Cushman & Wakefield's Northern California region. Stories include transactions secured by several of our brokers and updates on exciting new projects. The media also frequently publishes data that our team has provided via research reports. June news stories featured Ron Thomas, Kris Kolmbach, George Eckard, Grant Lammersen, Jeff Cushman, Mark Andersen, David Scanlon, Kevin Lynch, Elaine Sahlins (Welcome to our Team, Elaine!), Reza Musavi, Dave Young and Bob Kraynak. Blog comments included remarks from Laura Duffy, Diana Harms, Victoria Garcia, Pei Hua Wang, Michelle Reyes and Stefanie Hasten. Buchanan Pulls Trigger Again in SF biznow.com, June 30 Buchanan Street Partners, named after Buchanan Street in S.F. is getting back to its NorCal roots, with its second property purchase in two months. This time it's the 143k SF Rowland Plaza in Novato, bought for $24.9M. Grant Lammersen and George Eckard from Cushman & Wakefield repped the seller. NRG Energy Signs Largest Lease North [...]

Claret Jug & Green Jacket Cushman & Wakefield, Northern California would like to congratulate Zach Johnson and his sponsor, Transamerica for an outstanding and gritty performance at the recent British Open. The 1st Place Claret Jug will surely look good next to the Masters green jacket he won several years back. Johnson beat out a huge field of formidable competitors, including some of the world's top ranked golf professionals. Johnson squelched Jordan Spieth's bid for a Grand Slam and captured his second major, winning The Open in a playoff over South African Louis Oosthuizen and Australian Marc Leishman. The victory capped off five wild days at St. Andrews and an action - packed final round. A group of Cushman & Wakefield brokers and administrative staff gathered inside the Golden Gate Conference Room at our Northern Californa HQ and watched the four hole playoff on a big screen. Bravo, Zach! More [...]

Introducing the Region's Landmark Retail & Entertainment Destination The Sacramento Entertainment & Sports Center The Sacramento Entertainment and Sports Center (ESC) is a regional multi-use development and future home the Sacramento King’s arena. Scheduled to open in October of 2016, the project spans six city blocks within the urban core of the city. As a region-wide destination for premier shopping, dining, and entertainment, the ESC is a landmark project for the city and a major catalyst for Sacramento’s rapid economic growth and development. Indoor, Outdoor Environment A dramatic main entrance will feature five-story hangar doors that connect the interior energy to the adjacent open-air plaza and outdoor retail, an ideal innovation for a city with over 320 sunny days per year. The arena will be the first of its kind and complimentary to the surrounding 600,000 square feet of retail. The epicenter of downtown excitement: The arena [...]

Environmentally Friendly Blogging This week's blog post is only marginally related to the commercial real estate industry. However, I believe there are businesses and service lines with close ties to our industry who may put this article's information to practical use. I recently learned of an ingenious and environmentally friendly service that California real estate developers, golf courses, property landlords, schools, homeowners, municipalities, construction companies or unmotivated, suburban husbands may find quite interesting - and fascinating. As a longtime blogger, I have also discovered that the most successful blogs tend to combine targeted business niche stories with local human interest stories. Hopefully the humans who find this story interesting will also be fond of goats. A Herd in the Distance I was peering out of the window of my Marin County apartment a week ago and noticed a group of smallish, furry animals about 160 yards in the fog drenched distance. [...]

By Ken McCarthy Senior Managing Director Regional Research The U.S. economy added 223,000 jobs in June, a solid gain, roughly in line with expectations. The job growth was almost completely in service-producing industries. Employment in the goods-producing sectors of the economy (energy, construction and manufacturing) added only 1,000 jobs. For the commercial real estate sector, the job growth points to stronger demand as office-using industries, retail and transportation and warehousing all added jobs at a healthy pace. The unemployment rate fell to 5.3%, the lowest since April 2008 as the number of unemployed fell substantially. Unfortunately, this apparent tightening of labor markets has not led to faster wage growth. Average hourly earnings were unchanged in the month and up only 2.0% from a year ago. This report is unlikely to have any material impact on Federal Reserve monetary policy. It suggests that the U.S. economy remains on the healthy growth [...]

A Research Study Prepared by Smart Growth America and Cushman & Wakefield Executive Summary Hundreds of companies across the United States are moving to and investing in walkable downtown locations. As job migration shifts towards cities and as commercial real estate values climb in these places, a vanguard of American companies are building and expanding in walkable downtown neighborhoods. Why are companies choosing these places? What are the competitive advantages they see in these locations? And what features do they look for when choosing a new location? Core Values: Why American Companies are Moving Downtown examines the characteristics, motives, and preferences of companies that have either relocated, opened new offices, or expanded in walkable downtowns between 2010 and 2015. Smart Growth America partnered with global real estate advisors Cushman & Wakefield to identify nearly 500 companies that have made such a move in the past five years. Of those, we interviewed [...]

Story by Ben van der Meer Staff Writer- Sacramento Business Journal The owners of Mel Rapton Honda are in contract to buy the 1930s-vintage Porter-Sprague Inc. auto shop in downtown Sacramento. They plan to make it a service center convenient for workers in nearby office towers. Brokers with Cushman & Wakefield’s Sacramento office said escrow is set to close by the end of August for the property at 722-724 12th St. and 1115-1119 H St., occupying half a city block. “A service center obviously will have a lot of things added, but they want to keep the integrity of the building as it is,” said Kevin Lynch, a director at Cushman & Wakefield. A personal connection helped make the deal happen, with Curtis Rapton ferrying parts between Porter-Sprague and his father’s Honda dealerships years ago. “There was a longstanding history of knowing each other,” Lynch said. Porter-Sprague’s owner had put [...]

Story by Ben van der Meer Staff Writer- Sacramento Business Journal Moving Out Many capital-region companies are moving — or thinking about moving — from the suburbs to the urban core. And Sacramento isn't alone, a new report suggests. The report, by Smart Growth America and Cushman & Wakefield, studied 500 employers in many cities that added an office or expanded in a city center. The conclusion: Driven by the workforce tastes of the millennial generation, businesses are looking for space in the heart of cities from coast to coast. And it’s not just edgy tech companies or funky design firms; those making such movies include manufacturers, higher education institutions and energy companies. Employment & The War for Talent Ron Thomas, managing director at Cushman & Wakefield’s Sacramento office, said it’s true locally as well. In recent years here, big-name firms such as Deloitte and Morgan Stanley have either relocated [...]

No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.